“We see this transaction as highly compelling for Westfield’s security holders and Unibail-Rodamco’s shareholders alike. Unibail-Rodamco’s track record makes it the natural home for the legacy of Westfield’s brand and business.”

Under the deal, Paris-based Unibail pay shareholders in Australia’s Westfield Corporation - which has giant malls in London’s White City and Stratford - 7.55 a share at a 17.8% premium.

The new retailers setting up shop at Westfield

“It adds a number of new attractive retail markets in London and the wealthiest catchment areas in the United States. It provides a unique platform of superior quality shopping destinations supported by experienced professionals of both Unibail-Rodamco and Westfield.”

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